A sum of Rs. 468000 amounts to Rs. 655200 in 4 years at simple interest. The rate is MCQ with Answer and Explanation

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A sum of Rs. 468000 amounts to Rs. 655200 in 4 years at simple interest. The rate is

A. 10%

B. 12%

C. 8%

D. 9%

Answer: Option A

Solution (By JKSSB Mock Tests)

SI = 187200. R = (187200 × 100)/(468000 × 4) = 10%.

This question belongs to: Maths Simple Interest

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Question #1

The principal that gives Rs. 6980400 interest in 9 years at 23% SI is

A. Rs. 3358000

B. Rs. 3359000

C. Rs. 3361000

D. Rs. 3360000

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Correct Answer: Option D

Explanation:
P = (6980400 × 100)/(23 × 9) = 3360000.

This question belongs to: Maths Simple Interest

Question #2

Rate when Rs. 455000 amounts to Rs. 591500 in 3 years

A. 8%

B. 9%

C. 12%

D. 10%

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Correct Answer: Option D

Explanation:
SI = 136500. R = (136500 * 100)/(455000 * 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3

Time for Rs. 364000 at 10% to amount Rs. 509600

A. 3 years

B. 5 years

C. 4 years

D. 6 years

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Correct Answer: Option C

Explanation:
SI = 145600. T = (145600 * 100)/(364000 * 10) = 4 years.

This question belongs to: Maths Simple Interest

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